UAE set to accelerate new oil pipeline project to help bypass Strait of Hormuz
The pipeline is already under construction but the latest decision by the UAE is to accelerate said project in order to become operational in 2027. The Crown Prince of Abu…
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Read More »Trump and Xi had a good meeting, says White House official
The two sides discussed ways to enhance economic cooperation Also discussed expanding market access for US businesses into China and increasing Chinese investment Trump, Xi highlighted need to build on…
Read More »Heads up: It is a holiday in some parts of Europe but markets will still be open
This will be in observance of Ascension Day and with it being on a Thursday, we could see many people take a “bridge” holiday on Friday into the weekend as…
Read More »Germany wholesale prices push higher in April as Middle East conflict reverberates
Wholesale prices +2.0% m/m Prior +2.7% Wholesale prices +6.3% y/y Prior +4.1% It’s no surprise as we’re seeing this spread through to all parts of the economy, such as producer…
Read More »PBOC is expected to set the USD/CNY reference rate at 6.7946 – Reuters estimate
Earlier: Goldman Sachs says yuan 20% undervalued, lifts forecasts to 6.50 in a year – The People’s Bank of China is due to set the daily USD/CNY reference rate at…
Read More »Economic and event calendar in Asia Wednesday, May 13, 2026
The item of note is the Reserve Bank of New Zealand’s quarterly Survey of Inflation Expectations. This is shaping up as a closely monitored test of whether the recent acceleration…
Read More »RBI said to be likely stepping into the market to try and limit the rupee’s fall
Reuters is noting that the Indian central bank is likely intervening in the FX market to limit the rupee’s drop today, citing three traders on the matter. USD/INR continues to…
Read More »WSJ: Rising defaults and redemption pressure push Apollo to weigh $3bn credit fund sale
Apollo Global Management is in talks to sell its $3bn BDC MidCap Financial Investment Corp after defaults jumped to 5.3% and the fund posted a $61m first-quarter loss, the Wall…
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